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The Act requires that counterfeit goods be seized and destroyed by law enforcement officials. It also calls for any tools or other property made to create the counterfeit goods to be forfeited. "The counterfeiting problem in Manchester is the largest in Europe," he said. "Counterfeiting and intellectual property crime costs the UK economy £8.4 billion ($16.3 billion) a year. Cheetham Hill was responsible for half of that." And counterfeiters save roughly 50% of that revenue that luxury houses would invest in innovation and marketing. Vendors on the street
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